Contracts for Construction Other Than Buildings for United States
M02112USM398NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
158.94
Year-over-Year Change
29.29%
Date Range
1/1/1913 - 12/1/1962
Summary
This economic indicator tracks the value of construction contracts for infrastructure and non-building projects in the United States. It provides insight into investment and activity in the broader construction sector.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Contracts for Construction Other Than Buildings metric measures the dollar value of new contract awards for infrastructure, industrial, and other non-residential building projects across the U.S. It serves as a leading indicator for future construction activity and investment.
Methodology
The data is collected and reported monthly by IHS Markit based on project-level information from the construction industry.
Historical Context
This trend is closely watched by economists, policymakers, and industry participants to gauge the health and trajectory of the broader construction market.
Key Facts
- Data is reported on a monthly basis.
- Covers projects beyond just residential and commercial buildings.
- Seen as a leading indicator of future construction activity.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the value of new construction contracts for infrastructure, industrial, and other non-building projects across the United States.
Q: Why is this trend relevant for users or analysts?
A: It provides insight into investment and activity in the broader construction sector, serving as a leading indicator for future construction and infrastructure projects.
Q: How is this data collected or calculated?
A: The data is collected and reported monthly by IHS Markit based on project-level information from the construction industry.
Q: How is this trend used in economic policy?
A: This metric is closely watched by economists, policymakers, and industry participants to gauge the health and trajectory of the broader construction market, which has significant implications for the overall economy.
Q: Are there update delays or limitations?
A: The data is reported on a monthly basis with minimal delays, providing timely insights into construction activity trends.
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Citation
U.S. Federal Reserve, Contracts for Construction Other Than Buildings for United States (M02112USM398NNBR), retrieved from FRED.